Investors Sell Chevron (CVX) on Strength (CVX)

Investors sold shares of Chevron Co. (NYSE:CVX) on strength during trading on Monday. $130.09 million flowed into the stock on the tick-up and $271.28 million flowed out of the stock on the tick-down, for a money net flow of $141.19 million out of the stock. Of all stocks tracked, Chevron had the 6th highest net out-flow for the day. Chevron traded up $1.22 for the day and closed at $115.98

CVX has been the topic of several research reports. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, December 27th. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $134.35 price target on the stock in a research report on Tuesday, December 26th. Scotiabank reiterated a “buy” rating and issued a $130.00 price target on shares of Chevron in a research report on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and issued a $140.00 price target on shares of Chevron in a research report on Wednesday, December 20th. Finally, Piper Jaffray reiterated a “buy” rating and issued a $153.00 price target on shares of Chevron in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $129.79.

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The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The company has a market cap of $219,220.64, a price-to-earnings ratio of 31.35, a PEG ratio of 2.26 and a beta of 1.16.

Chevron (NYSE:CVX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The business had revenue of $37.62 billion for the quarter, compared to analysts’ expectations of $38.43 billion. During the same period last year, the firm earned $0.22 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. sell-side analysts predict that Chevron Co. will post 6.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.86%. The ex-dividend date was Thursday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.08. Chevron’s payout ratio is 121.08%.

Large investors have recently added to or reduced their stakes in the business. Deschutes Portfolio Strategy LLC lifted its holdings in shares of Chevron by 0.5% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 13 shares during the last quarter. Regis Management CO LLC lifted its holdings in shares of Chevron by 0.4% during the 2nd quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock valued at $341,000 after buying an additional 14 shares during the last quarter. Keel Point LLC lifted its holdings in shares of Chevron by 0.5% during the 2nd quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 14 shares during the last quarter. FCG Advisors LLC lifted its holdings in shares of Chevron by 0.4% during the 2nd quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock valued at $408,000 after buying an additional 15 shares during the last quarter. Finally, Intellectus Partners LLC lifted its holdings in shares of Chevron by 1.0% during the 2nd quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 15 shares during the last quarter. 64.98% of the stock is currently owned by institutional investors.

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About Chevron

Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.

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